Arthur Hayes Predicts Tariffs Will Boost Bitcoin’s Price Arthur Hayes, the co-founder and CEO of BitMEX, a cryptocurrency trading platform, has made a bold prediction regarding the price of Bitcoin. Hayes believes that the ongoing trade tensions between the United States and other major economies, particularly China, will have a positive impact on the value […]
US Consumer Spending Falls in January; Monthly Inflation Rises
US Consumer Spending Falls in January; Monthly Inflation Rises The latest economic indicators in the United States have painted a mixed picture, with consumer spending taking a hit in January while monthly inflation showed a concerning uptick. These trends could have significant implications for the Federal Reserve’s monetary policy decisions in the coming months. Consumer […]
Fed Governor backs stablecoin regulations
Fed Governor Backs Stablecoin Regulations The world of digital currencies is rapidly expanding, with stablecoins gaining particular attention for their potential to revolutionize the financial industry. Recently, Federal Reserve Governor Christopher Waller voiced his support for clear regulations surrounding stablecoins. Waller emphasized the critical role of regulatory clarity in unlocking the full potential of stablecoins […]
Jerome Powell confirms US will not issue CBDC under his leadership
Jerome Powell Confirms US Will Not Issue CBDC Under His Leadership In a recent announcement, Jerome Powell, the Chairman of the Federal Reserve, has made it clear that the United States will not be issuing a Central Bank Digital Currency (CBDC) during his tenure. This decision comes as a confirmation of Powell’s stance on the […]
Top crypto leaders eye seats on Trump’s advisory group
Top Crypto Leaders Eye Seats on Trump’s Advisory Group As the world of cryptocurrencies continues to gain mainstream recognition and adoption, top leaders in the crypto industry are now setting their sights on securing seats on influential advisory groups, including the one being formed by former President Donald Trump. This advisory group, which will consist […]
FED chair Powell calls for stronger crypto regulations
FED Chair Powell Calls for Stronger Crypto Regulations The world of cryptocurrency has been a hot topic in financial circles for quite some time now. With the rise of Bitcoin, Ethereum, and a plethora of other digital currencies, the need for regulations has become increasingly apparent. Recently, Federal Reserve Chair Jerome Powell made headlines by […]
US Retail Sales Broadly Advance, Capping a Solid Holiday Season
US Retail Sales Rise 0.4 Percent in December, Reflecting Strong Consumer Demand The latest data on US retail sales has painted a positive picture for the economy as sales saw a 0.4 percent increase in December. This uptick not only indicates robust consumer demand but also serves as a testament to the ongoing economic strength […]
The Era of Big Price Hikes Is Over, Giving Comfort to the Fed
In recent months, retailers across the United States have begun to recognize an essential shift in consumer behavior as they grapple with the consequences of price hikes imposed during the pandemic. Distinct from the inflationary pressures of the past, the current landscape reveals a growing consumer fatigue with persistent price increases, prompting businesses to recalibrate […]